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1818 Thurman Ave

Los Angeles CA 90019

16
16
10782 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

1818 Thurman Ave is a fully stabilized 2021-built six-unit delivering a real 6.27% cap rate and four full years of proven income. In a market flooded with new builds still chasing tenants, this ones already performing. Each of the six residences are large 4 bed, 4 bath units with private entry, in unit laundry, separate utilities, and 2 car private garage parking. Two of the units also benefit from three additional outdoor parking spaces, bringing their total parking to five spaces, allowing for even higher rents. Current rents range from $4,795 to $5,900, making this a plug and play investment for 1031 buyers seeking strong day one income. Built for longevity, the property features drought tolerant landscaping and a builders warranty, helping keep expenses low and operations smooth. Just minutes from Downtown Culver Citys creative corridor and hot spots like Fathers Office, Etta, and Margot, the location attracts long term professionals working at Amazon Studios, Apple, HBO, Sony & more. With almost no stabilized new construction available and demand at an all-time high, 1818 Thurman is that rare, proven performer every investor wants but few can actually find.

Features

16 bedrooms
16 bathrooms
10782 sq. ft. lot size
Multi-Family

Property history for 1818 Thurman Ave

2022
Rented
Undisclosed
19 Dec 2022 by The 2-4 Unit Specialists
2021
Sold
$4,800,000
03 Sep 2021 by Elizabeth Maddox, of The 2-4 Unit Specialists
2019
Sold
$1,100,000
22 Jan 2019 by Adrian Cafuentes, of Keller Williams Pacific Estates Cerritos

Happy sellers in Los Angeles

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Local market activity for 16 bedroom multi families in Los Angeles

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